Economy Of Uzbekistan

The government working closely with IMF has made considerable progress in reducing inflation and the budget deficit. The national currency was made convertible in 2003 as part of the IMF-engineered stabilization program, although some administrative restrictions remain. Agriculture and manufacturing industries contribute equally to the economy, each accounting for about one-quarter of GDP. Uzbekistan is a major producer and exporter of cotton, although the importance of this commodity has declined significantly since independence. Uzbekistan is also a major producer of gold with the largest open-pit gold mine in the world and has substantial deposits of copper, strategic minerals, gas, and oil.

This is a chart of trend of gross domestic product of Uzbekistan in constant prices of 1995 estimated by the International Monetary Fund with figures in millions of som. The chart also shows the consumer price index as a measure of inflation from the same source and the end-of-year U.S. dollar exchange rate from the Central Bank of Uzbekistan database. For purchasing power parity comparisons in 2006, the U.S. dollar is exchanged at 340 som.

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1. 2010-08-31T23:55:33Z : Press Conference Review of Annual Bilateral Consultations - U.S. Depar - The second question is about the ongoing dispute between Uzbekistan and Tajikistan on the blockade of rail which is a very important part of the Tajik economy we are assisting with programs such as helping ... (U.S. Department of State)
2. 2010-09-06T05:33:13Z : MHI Receives Order for GTCC Power Generation System for Cogeneration P - which is in southwestern Uzbekistan and is one of the country largest industrial centers. The economy of the Navoi region is currently enjoying a boom fueled by production of natural resources, including oil, ... (Asia Corporate News Network)
3. 2010-09-08T08:01:10Z : National Day of Tajikistan - Manila Bulleting Online - Uzbekistan to the west Tajikistan had a civil war from 1992 to 1997 which crippled its economy. However, after the war, the inflow of foreign aid and political stability allowed the country s economy to grow. ... (Manila Bulleting Online)
4. 2010-09-06T03:45:51Z : Research and Markets Between 2010 and 2019, 2010 Report Forecasts an I - Consumption of oil is set to grow more slowly than the underlying economy, increasing by less than 1.5 per annum over the forecast Uzbekistan, Turkmenistan and the Czech Republic in BMIs updated upstream ... (Business Wire)